XML 42 R28.htm IDEA: XBRL DOCUMENT v3.21.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Tax (Benefit) Provision for Federal, State, and Local Income Taxes

		Years Ended December 31,
($ in thousands)		2020			2019
Current:
Federal		$	(202)		$	—
State and local			66			63
Total current			(136)			63
Deferred:
Federal			(3,538)			(354)
State and local			(844)			(351)
Total deferred			(4,382)			(705)
Total benefit		$	(4,518)		$	(642)

Reconciliation of Income Tax at The Federal, State and Local Statutory Rates to The Company's Income Before Taxes

		Years Ended December 31,
		2020		2019
U.S. statutory federal rate		21.00	%	21.00	%
State and local rate, net of federal tax		4.54		7.40
Stock compensation		(1.94)		(7.01)
Excess compensation deduction		(0.51)		(5.08)
Foreign tax credits		0.11		0.45
Life insurance		(0.04)		(0.81)
Net operating loss carryback		0.56		—
Paycheck Protection Program addback		2.18		—
Other permanent differences		(0.01)		(0.16)
Income tax benefit		25.89	%	15.79	%

Net Deferred Tax Liabilities

		December 31,
($ in thousands)		2020			2019
Deferred tax assets
Stock-based compensation		$	2,440		$	2,774
Federal, state and local net operating loss carryforwards			2,907			1,207
Accrued compensation and other accrued expenses			664			846
Allowance for doubtful accounts			329			43
Basis difference arising from discounted note payable			11			316
Foreign tax credit			219			148
Charitable contribution carryover			63			60
Property and equipment			321			180
Total deferred tax assets			6,954			5,574
Deferred tax liabilities
Basis difference arising from intangible assets of acquisition			(10,006)			(13,008)
Total deferred tax liabilities			(10,006)			(13,008)
Net deferred tax liabilities		$	(3,052)		$	(7,434)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration